SUMMIT HOUSING DEVELOPMENT CORP (EIN 341703387) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

THOMAS JACOBS

Phone

2345713244

Tax Period

2023-01-01 to 2023-12-31

SUMMIT HOUSING DEVELOPMENT CORP, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $5.5M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 48% operating margin.

Mission

TO SECURE AND MAINTAIN HOUSING FOR INDIVIDUALS WITH DELEVOPMENTAL DISABILITIES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,824,918

Program Service Revenue $3,488,899

Investment Income $225,589

Other Revenue $1,540

TOTAL REVENUE $5,540,946

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $581,346

Fundraising Expenses $0

Program Expenses $2,215,903

Other Expenses $2,291,480

TOTAL EXPENSES $2,877,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,540,946	$3,300,890	+0.7%
Expenses	$2,877,826	$2,912,359	0.0%
Net Income	$2,663,120	$388,531	+5.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$234,923

Total Directors

$234,923

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS JACOBS	EXECUTIVE DI	40.00	Officer Director	$234,923	$0	$234,923
STAN DEBRO	TRUSTEE	1.00	Director	$0	$0	$0
LINDA EVANS	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS FILLER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JONATHAN GRAHAM	SECRETARY	1.00	Officer Director	$0	$0	$0
SARA KLINE	PRESIDENT	2.00	Officer Director	$0	$0	$0
BARB VIMONT	TRUSTEE	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$5,540,946	$2,877,826	$30,613,025	$2,663,120
2022	$3,300,890	$2,912,359	$26,427,425	$388,531
2021	$6,108,659	$2,073,819	$24,042,043	$4,034,840
2020	$2,496,563	$1,849,603	$17,908,688	$646,960

SUMMIT HOUSING DEVELOPMENT CORP